by Christine | Aug 7, 2015 | Reverse Mortgage Loan |
Caution is urged when considering a reverse mortgage as a solution to financial problems during retirement years. Television commercials targeting seniors leave out most of the unpleasant parts of a reverse mortgage. Rates and fees are extremely high and the...
by Christine | Nov 21, 2014 | Asset Protection, Conservatorships, Estate Planning, Estates, Inheritance, Living Trust, Probate, Reverse Mortgage Loan, Trusts, Wills |
In a decision issued September 30, 2013, the U.S. District Court for the District of Columbia agreed with AARP and told HUD to find a way to shield surviving spouses from foreclosure and eviction. A recent Elder Law Answers article, titled "Feds Move...
by Christine | May 13, 2014 | Elder Law, Estate Law, Inheritance, Reverse Mortgage Loan |
Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes that need not be paid back until they move out or die, have long posed pitfalls for older borrowers. Reverse mortgages definitely have advantages, such as offering...
by Christine | Apr 15, 2014 | Asset Protection, Elder Law, Estate Planning, Probate, Reverse Mortgage Loan |
Death of the borrower triggers the loan payoff, but the estate and heirs will never owe more than what the home is worth. Family homes are unique assets. And like many assets, family homes can be as complicated as they are meaningful. Even when heirs inherit a home...
by Christine | Dec 11, 2012 | Retirement, Reverse Mortgage Loan, Social Security |
The federal government is proposing to make big changes to its reverse mortgage program early next year that should make the (reverse mortgage) loans safer for seniors who use them to tap home equity. In a response to the speculative loan market, we have seen...
